Chinese hustlers are taking advantage of the Cayman legal system – and British investors are paying for it
Hands up for soft winter skin January 10, 2011 THE stronger your handshake, the longer you’ll live, according to recent research from UCL. Yet a firm grasp – which the study claims shows vital strength – is only half the battle when it comes to presenting a good handshake, and thus, making a good first impression. To fully impress your associates, you won’t want [...]
CITY MOVES | WHO’S SWITCHING JOBS January 10, 2011 KPMG Bob Pringle (pictured), has been appointed head of equity capital markets at KPMG, joining the company from Hoare Govett. In addition, the company has hired Jonathan Coddington and James Murray as partners. Coddington moves over from Hawkpoint and will be working on KPMG’s healthcare deals team, while Murray comes to the firm from Rothschild [...]
FIT IN THE CITY January 10, 2011 FITNESS & DIET EXPERT IF the prospect of another year of BodyPump leaves you grimacing into your protein shake, check out our guide to the best new classes for 2011. 1. ROXY SNO FIT WORKOUT: Brought to you by Virgin Active health clubs, this class is designed to get you winter sports enthusiasts in shape [...]
Matahari Putra abandons $1bn sale, seeks partner January 10, 2011 INDONESIA’S Matahari Putra Prima said it will retain its hypermarket business as a wholly owned entity, effectively scrapping a $1bn (£645m) sale plan, but will look for a global partner to expand the business. The decision to retain the unit comes after two rounds of bidding for Matahari’s hypermart business, Indonesia’s second largest, which sources [...]
BEST OF THE BROKERS January 10, 2011 TRAVIS PERKINS Numis raised the builder’s merchant to “add” from “buy” yesterday at a target price of 1,250p, expecting its acquisition of BSS to enhance its earnings per share by more than 13 per cent. The broker believes the combined group now looks cheap and supported by an improving industry backdrop, should continue to outperform. [...]
Persimmon in bullish mood as sales surge January 10, 2011 HOUSEBUILDER Persimmon yesterday said underlying pre-tax profit for 2010 will be at the top end of market views, despite bad weather knocking sales before Christmas. The UK’s largest homebuilder by market value, which is led by chief executive Mike Farley, said it completed 9,384 homes in the year ended 31 December, against 8,976 last year. [...]
OUT OF OFFICE January 10, 2011 JULIUS CAESAR AT THE ROUNDHOUSE The RSC, in situ at the Round House for a season, has begun its run of Julius Caesar, directed by veteran Lucy Bailey. In a refreshing break from theatrical vogue, characters are cloaked up like Elizabethans rather than, say, bankers or modern politicians. As Julius Caesar’s strength and popularity look [...]
XP Power projects strong annual profit January 10, 2011 ELECTRICAL components maker XP Power yesterday forecast full-year pre-tax profit above market consensus on strong demand and increased market share, and said it remained well-placed for further growth in 2011. The company, which makes power converters for medical, military and industrial equipment such as respirators and battlefield communication kits, also said it entered the new [...]
Chi-X Europe launches new exchange for CFDs January 10, 2011 EUROPE’S second-largest equities market, Chi-X Europe, has begun trading centrally cleared contracts-for-difference (CFDs) for institutional investors. The new service, which will operate as a joint initiative with European clearing house LCH.Clearnet, could serve to keep the exchange ahead of regulatory moves to make the over-the-counter derivatives market more transparent. It aims to standardise the market [...]
Tullow Oil hits gas at offshore Ghana project January 10, 2011 SHARES in Tullow Oil rose yesterday on the news that it has hit a gas find in Ghana. The FTSE 100 Africa-focused oil and gas explorer said it had “encountered gas condensate in excellent quality sandstone reservoirs” at its Tweneboa-3 well. Tullow exploration director Angus McCoss said the find was “a great result that also [...]
